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Luda [366]
3 years ago
11

Distinguish between saving, consumption, consumption function and saving function​

Business
1 answer:
Natali5045456 [20]3 years ago
7 0

CONSUMPTION FUNCTION:

 It is the relationship between consumption expenditure and the level of disposable income.

C = f (Yd) , where 

C represents the consumption expenditure

Yd represents disposable income

It shows how a change in income influences the consumption pattern

SAVING FUNCTION:

It is the relationship between savings and the level of disposable income

 S = -S(bar) + sYd

where

S(bar) is autonomous saving

s represents marginal propensity to save

Yd represents disposable income

 it shows how change in income influences savings

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Jan pays $70 each month for her auto insurance policy. This regular payment is called<br> a.
ella [17]
Jan pays $70 each month for her auto insurance policy. This regular payment is called PREMIUM.

Premium is the payment made by the insured party to the insurer. It primary pays the insurer for bearing the risk of payout in the event that the insurance agreement coverage is needed. Premium payment may be monthly, quarterly, semi-annually, or annually.
8 0
3 years ago
Harry’s shoe store has noticed a significant increase of revenue of $123,000. The manager has also determined that the total exp
Elis [28]

Answer:

Net loss; $5,000

Explanation:

$123,000 (income)

- 128,000 (expenses)

_________________

-5,000

5 0
3 years ago
Loyal Pet Company expects to sell 7 comma 000 beefy dog treats in January and 5 comma 000 in February for $ 2.00 each. What will
marin [14]

Answer:

<u>January:</u>

Sales revenue= $14,000

<u>February:</u>

Sales revenue= $10,000

Explanation:

Giving the following information:

Sales:

January= 7,000 units

February= 5,000 units

Selling price= $2

The sales revenue reflected in the sales budget is the result of multiplying the number of units sold with the selling price.

January:

Sales revenue= 7,000*2= $14,000

February:

Sales revenue= 5,000*2= $10,000

3 0
4 years ago
Think of a time when effective or ineffective communication affected your success at home, school, or work.In paragraph 1, descr
____ [38]

Answer:

Explanation:

<u>How ineffective communication can affect your success at home, school, or work</u>

1. At home, ineffective communication can build hatred among family members. One person doesn't have to do something offensive before hatred is thrown at him or her. An inactivity (something person A expects or expected of person B but that person B didn't do) could cause some feud and transfer of aggression from person A to person B.

Person A is/was supposed to out-rightly tell the problem to person B, instead of getting upset that person didn't notice his/her sore mood.

(b) In the case of safety, members of a home should let one another know their movements, even if they don't say the exact destination.

2. At school, there are teachers, students and administrators. A wise student (especially at the higher education level) should communicate with classmates so as to find out information from the lecturer or teacher and ensure he/she is on track. Every student should also communicate with teachers and administrators (either directly or through their parents), in order to know new rules and regulations, as well as news.

3. At work, interpersonal communication skills are necessary for survival. Emotional intelligence or endurance of staff, boss, and consumer characters is key. All feelings shouldn't be made obvious, including feelings of excitement. Moves such as moves to leave the company, should be kept private.  

4 0
4 years ago
Finance in an organization
ankoles [38]

Answer and Explanation:

a. In the first case as we know that the Chief Financial Officer ( CFO) is the company's high financial position and supervises several tasks.

But CFO would not be responsible for human resource, marketing and the production as these have the different departments and their manager would deal with it

So first three are not relevant for the CFO

b. According to the Sarbanes-Oxley Act of 2002, The SEC requires CFOs to certify the accuracy of the firm's earnings or we can say it would be correct. Hence, the last option is correct

7 0
4 years ago
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